State Act

THE KARNATAKA CO-OPERATIVE SOCIETIES ACT, 1959.

1[110A. Power to compound offences.- (1) The Registrar may accept from any person against whom a reasonable suspicion exists that he has committed any offence punishable under sub-sections (1), (1A), (2), (5), (7), (9), (13) and (14) of section 109 2[except an offence in respect of contravention of section 63]2 sum of money not exceeding one thousand rupees by way of composition for the offence which such person is suspected to have committed. 1[(1A) The Director of Co-operative Audit may accept from any person against whom a reasonable suspicion exists that he has committed an offence in respect of contravention of section 63 punishable under sub-section (9) of section 109, a sum of money not exceeding one thousand rupees by way of composition for the offence which such person is suspected to have committed]1 . (2) On the payment of such money to the Registrar 1[or the Director of Co-operative Audit, as the case may be]1 the suspected person if in custody, shall be discharged, the property, if any, seized shall be released and no further proceeding shall be taken against such person or property.]1